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Rupee gains 9 paise on strength in equities
INR 
| 83.376 |  | United States Dollar |
The rupee was last trading at 54.74 against the dollar. A strong trend in equities amidst dollar inflows from foreign funds has helped the rupee.
The rupee had gained substantially since the government unleashed a wave of reforms. However, it continued to show a weak trend in November, due to robust demand for the US greenback from oil importers.
The rupee is expected to move in a range and fresh action might be visible after the year end.
GoodReturns.in
Story first published: Wednesday, December 19, 2012, 11:11 [IST]
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